• Compliance into the Weeds

  • By: Tom Fox
  • Podcast
Compliance into the Weeds By cover art

Compliance into the Weeds

By: Tom Fox
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  • Summary

  • What happens when two compliance aficionados get together to talk all things compliance, risk management and ERM? You get Tom Fox, the Voice of Compliance and Matt Kelly, the Coolest Guy in Compliance, going into the weeds of a topic each week. Each week, you can take a deep dive with two of the top writers, thinkers and prognosticators in compliance.
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Episodes
  • Sustainability and Managing 3rd Party Risk

    Sustainability and Managing 3rd Party Risk
    May 22 2024
    The award winning, Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode, Tom and Matt take a deep dive into a recent report by Prevalent on Third Party Risk Management in 2024 and Microsoft’s 2024 Environmental Sustainability Report. Tom and Matt discuss the challenge companies face in aligning their sustainability goals with their supply chain management. They question whether sustainability functions within a company have the authority to influence supply chain decisions, such as rejecting suppliers that do not meet sustainability criteria. We discuss the Microsoft Report, noting that while the company acknowledges it has not yet achieved the ability to reject non-compliant suppliers, it suggests a target of improvement by 2030. The core issue highlighted is whether sustainability initiatives will have significant influence over supply chain decisions in the future. Key Highlights · Intersection of Supply Chain Risk Management and Sustainability · The Role of Sustainability in Supply Chain Decisions · Microsoft's Journey Towards Sustainable Supply Chain Management · The Energy Industry Model Resources Matt on Radical Compliance Tom Instagram Facebook YouTube Twitter LinkedIn Learn more about your ad choices. Visit megaphone.fm/adchoices
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    30 mins
  • Scathing Report on Culture at The FDIC

    Scathing Report on Culture at The FDIC
    May 15 2024
    The award-winning Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to more fully explore a subject. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode, Tom and Matt look at the absolutely scathing report issued by the law firm Cleary Gottlieb on the toxic culture of harassment and abuse at the Federal Deposit Insurance Corporation. A recent scandal has been unveiled in the U.S. banking sector, spotlighting the Federal Deposit Insurance Corporation (FDIC). A report has unveiled a toxic corporate culture riddled with instances of harassment, whistleblower retaliation, and poor leadership under Chairman Martin Gruenberg. Fox, viewing the scandal as a pivotal moment, emphasizes the need for accountability and radical change within the organization, particularly in addressing the issues revealed in the report. Despite the daunting challenges, Fox maintains a level of optimism, believing that with the right management and leadership changes, the FDIC can rectify its corporate culture. Kelly recognizes the deep-seated cultural issues brought to light by the report, nonetheless, he believes that due to the FDIC's relatively small size, with the right leadership and cultural shifts, it is possible to turn the organization around. Both experts' perspectives are rooted in their understanding of corporate culture and governance, and their beliefs in the power of effective leadership and cultural change. Key Highlights: Toxic Culture Exposed in FDIC Report Ethical Culture Assessment in Banking Regulation Systems Toxic Culture: Mismanagement & Whistleblower Retaliation Structure and Toxic Corporate Environment Transformative Potential within the FDIC Resources: Matt Kelly on Radical Compliance Tom Instagram Facebook YouTube Twitter LinkedIn Learn more about your ad choices. Visit megaphone.fm/adchoices
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    27 mins
  • The WACKO Enforcement Action Involving BF Borgers

    The WACKO Enforcement Action Involving BF Borgers
    May 8 2024
    The award-winning, Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to more fully explore a subject. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode, Tom Fox and Matt Kelly look into an absolutely wacko SEC enforcement action involving BF Borgers and its founder and principal, Benjamin Borger’s. The auditing sector was recently rocked by the Securities and Exchange Commission’s (SEC) investigation into BF Borgers CPA, an auditing firm with over 1,600 problematic disclosures. The incident, which serves as a reminder of the critical role played by audit committees in ensuring appropriate audit procedures,. Only a fraudster can admire the audacity of Benjamin F. Borgers in fabricating audit reports for hundreds of clients, which underscores the need for enhanced governance and regulatory measures to prevent similar incidents in the future. We discuss the impact on smaller public companies, focusing on their struggles to find competent and affordable audit firms. Matt raised the question of where the company’s audit committees were during all this fraudulent work. He also speculates on potential legal repercussions for Borgers and his firm. Both perspectives highlight the gravity of the situation, the need for improved oversight, and potential consequences of such actions. Key Highlights: Audit Quality Oversight in Regulatory Environment Finding New Auditors After Losing Previous Firm Limited Options for Small Company Auditors Proactive Monitoring of Audit Firms by Committees Resources: Matt on Radical Compliance Tom Instagram Facebook YouTube Twitter LinkedIn Learn more about your ad choices. Visit megaphone.fm/adchoices
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    23 mins
Management Economics Politics & Government
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